Prime Story
Titan Increases Stake in CaratLane with Rs 99.99 Crore Investment
New Delhi: Tata group firm Titan has increased stake in its jewellery subsidiary CaratLane to 69.47 per cent with an investment of Rs 99.99 crore. “In response to offer of shares made by Carat Lane Trading Private Limited, a subsidiary of the company, the company has subscribed to 30,48,780 additional equity shares of CaratLane thereby increasing its stake in CaratLane on March 30, 2019,” Titan said in regulatory filing on Sunday.
CaratLane is in the business of manufacturing and sale of precious and semi-precious jewellery through its e-commerce business and also through retail showrooms.
“…the shareholding of the company in CaratLane has increased from 66.39 per cent to 69.47 per cent,” the company said. CaratLane registered a revenue of Rs 292.5 crore for the year ended March 2018.
The value of additional equity shares offered by CaratLane was Rs 99,99,99,840, it added.
Courtesy: PTI
De Beers opens flagship store at Dubai Mall, offering its signature fine and high jewellery lines
Farah Khan Atelier retails new jewellery line inspired by Arabian desert landscape through Hanif Jewellers
CaratLane rolls out 360° campaign around new offerings ‘Sol’ and ‘Luna’ ahead of Akshaya Tritiya
Glow by Kirtilals expands retail footprint with two new showrooms in Hyderabad and Tirupur
#LoveFromDad: De Beers unveils second ear-piercing drive to spur natural diamond demand among young consumers
US tariff storm hits India’s gem & jewellery industry; faces major disruption threat, 1 million jobs at risk
Titan brings together Tanishq, Titan Watches and Titan Eye+ at first multi-brand store in the UAE
Saashri Jewellers ropes in actor Samantha Ruth Prabhu for grand opening of new store in Sydney
Daily News4 weeks ago#LoveFromDad: De Beers unveils second ear-piercing drive to spur natural diamond demand among young consumers
- Exclusive3 weeks ago
US tariff storm hits India’s gem & jewellery industry; faces major disruption threat, 1 million jobs at risk
- Wide Angle2 weeks ago
Titan brings together Tanishq, Titan Watches and Titan Eye+ at first multi-brand store in the UAE
- Wide Angle1 month ago
Saashri Jewellers ropes in actor Samantha Ruth Prabhu for grand opening of new store in Sydney
